Description

NSE Clearing Limited reminds members to submit segregated client collateral reports in both existing and new portals during transition period until September 15, 2025.

Summary

NSE Clearing Limited has issued a reminder to all members regarding the mandatory submission of segregated client collateral reports through both the existing portal and the new portal (https://ims.connect2nsccl.com/NCLMemberPortal/) during the transition period. The circular emphasizes that dual reporting is required from August 28, 2025 to September 15, 2025, after which only the new portal will be used.

Key Points

  • Members must submit segregated client collateral reports in both existing and new portals during transition period
  • New portal submissions started from trade date August 28, 2025 (due date August 29, 2025)
  • All members are not currently submitting reports in the existing portal as required
  • Submission in existing portal remains mandatory until trade date September 15, 2025
  • Members encouraged to use new portal to ensure smooth transition

Regulatory Changes

Transition from existing portal to new portal for segregated client collateral reporting, with dual reporting requirement during transition period.

Compliance Requirements

  • All clearing members must submit segregated client collateral reports in both portals from August 28, 2025 to September 15, 2025
  • Members must discontinue submissions to existing portal after trade date September 15, 2025
  • Post September 15, 2025, submissions only through new portal will be accepted

Important Dates

  • August 28, 2025: Start of dual reporting requirement (due date August 29, 2025)
  • September 15, 2025: Last trade date requiring submission to existing portal
  • September 16, 2025 onwards: Only new portal submissions accepted

Impact Assessment

Operational impact on all NSE clearing members requiring system changes and process updates for collateral reporting. Non-compliance with dual reporting requirements during transition period may lead to regulatory issues. The transition aims to improve reporting efficiency and member experience.

Impact Justification

Operational requirement affecting all clearing members with specific compliance deadlines